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NewsOct 7, 2026 · 17:25 IST

LG Electronics Preliminary Q3 Profit Rises 13.5%

LG Electronics’ preliminary third-quarter operating profit rose 13.5% year-on-year to 781.8 billion won, while revenue increased 8.9%. Strong home appliance and vehicle-component businesses supported growth, although profit fell short of market expectations.

NewsOct 7, 2026 · 17:15 IST

Porsche Targets 15% Long-Term Margin in Turnaround Plan

Porsche is targeting a long-term 15% operating margin as part of a major turnaround plan focused on higher-value vehicles, greater exclusivity and cost reductions. The company aims to lower its break-even point below 200,000 vehicles as it adapts to weaker sales.

NewsOct 7, 2026 · 17:05 IST

Ghana Reports Higher September Inflation

Ghana’s consumer inflation rose to 5.2% year-on-year in September from 5.0% in August. The increase marks a modest acceleration in price growth as policymakers continue to monitor inflation and broader economic conditions.

NewsOct 7, 2026 · 16:54 IST

Headlam Plans Listing Cancellation After Asset Sale

UK flooring distributor Headlam plans to cancel its London listing after entering administration and selling parts of its business and assets to Likewise Group for £14.9 million. The company said proceeds are unlikely to leave any return for shareholders.

NewsOct 07, 2026, 04:47 PM GMT+5:30

Dutch State Plans to Reduce ABN Amro Holding

The Dutch state plans to reduce its stake in ABN Amro from 20.7% to 10.5% through a new trading plan. The sale continues the government’s gradual exit from the bank and could eventually end its special information rights once the stake falls below 10%.

NewsOct 7, 2026 · 16:31 IST

Zelenskiy Says Russian Attack Targets Ukraine Energy Infrastructure

Russian forces launched one of their largest attacks on Ukraine, firing 70 missiles and drones. President Volodymyr Zelenskiy said energy infrastructure was a key target, with the strikes killing at least 11 people across the country.

NewsOct 7, 2026 · 16:24 IST

FT Reports HSBC Plans UK Wealth Job Cuts in AI Push

HSBC is planning major job cuts in its UK wealth management business as it expands the use of AI. Around half of management and specialist roles and up to 70% of financial adviser positions could be affected, with staff currently in consultation.

NewsOct 7, 2026 · 16:15 IST

UK PRA Proposes GDP-Linked Regulatory Thresholds

The UK Prudential Regulation Authority has proposed automatically adjusting 128 regulatory thresholds across banking, insurance and credit unions in line with nominal GDP. The move aims to reduce compliance costs, improve proportionality and prevent outdated thresholds from creating unnecessary regulatory burdens.

NewsOct 7, 2026 · 15:02 IST

Mercedes-Benz Q3 Car Sales Fall 8% as China Weakness Persists

Mercedes-Benz car sales fell 8% year-on-year in Q3 to 407,200 vehicles, mainly due to a 31% decline in China. However, electric vehicle sales increased strongly, highlighting growing EV demand despite continued weakness in the Chinese market.

NewsOct 7, 2026 · 14:51 IST

German Industrial Production Rises 2.0% in August, Beating Forecast

German industrial production rose 2.0% in August, beating economists’ forecast of a 0.5% increase. The rebound was driven mainly by stronger construction and machinery output, although weak new orders highlight continued challenges for Germany’s industrial sector.

NewsOct 7, 2026 · 13:36 IST

Pennon Launches £550 Million Rights Issue and Cuts Dividend

Pennon Group has launched a fully underwritten £550 million rights issue to fund additional investment in its regulated water businesses. The company also cut its 2026/27 dividend to about £125 million from £138 million as it focuses on improving operations and reducing financial pressure.

NewsOct 7, 2026 · 13:24 IST

Shell Raises Q3 Gas Outlook and Indicates $42 Refining Margin

Shell raised its third-quarter integrated gas production outlook to 740,000–780,000 barrels of oil equivalent per day and expects its refining margin to reach $42 per barrel, up from $24 in Q2. The stronger outlook reflects improved energy-market conditions and the ARC Resources acquisition.